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8 <br />7.2 Termination by the Lessee. The Lessee may terminate this Mining Lease at <br />any time by its giving written notice thereof to the Lessor at least ninety <br />(90) days prior to the effective date of termination. A termination hereunder <br />shall not relieve the Lessee from the delivery of any share of production <br />due the Lessor hereunder or the making of any payment due hereunder or <br />relieve it from other obligations already accrued or which may accrue prior <br />to the effective date of termination. Unless actual termination takes place <br />prior to June 1 of any year. the Lessee shall pay all taxes accruing against <br />the Mining Properties for that year. <br />VIII <br />General Provisions <br />8.1 Termination as to the DeepT. If on or before April 1, 2011, the Lessee, <br />or an assignee or sub lessee of the Lessee, has not undertaken in writing to <br />drill an exploratory hole on the Mining Properties to a depth of 2,000 feet or <br />more below the level of the portal of the main Gold Links Tunnel, such <br />exploratory hole to be commenced on or before January 1, 2012, then this <br />Mining Lease shall automatically terminate insofar and only insofar as it <br />covers the "deep rights." For the purposes hereof, the term "deep rights" shall <br />mean all formations, strata, materials, deposits, and minerals and metals lying <br />below a depth of 1,200 feet below the portal of the Gold Links Tunnel. In the <br />event of such termination as to the deep rights, the Lessor may thereafter <br />mine, operate, and develop the deep rights, either directly or through its <br />lessees, and shall be entitled to use so much of the surface of the Mining <br />Properties as may be necessary or convenient therefore insofar as the same <br />does not unduly interfere with the operations of the Lessee hereunder. The <br />exploration, development and operation of the deep rights shall not relieve <br />the Lessee from any of its obligations hereunder with the exception that, in <br />the event the Lessor leases the deep rights, ad valorem taxes which may be <br />assessed on the non producing basis with respect to the Mining Properties <br />shall be shared equally by the Lessee ad the lessee of the deep rights. <br />8.2 Removal of Equipment. The Lessee may install, maintain, replace, and <br />remove during the term of this Mining Lease any and all mining and milling <br />machinery, equipment, tools, and facilities owned by it and which it may <br />place on the Mining Properties in connection with its operations hereunder, <br />provided that any permanent buildings constructed on the Mining Properties <br />may not be removed without the consent of the Lessor. Upon termination of <br />this Mining Lease by lapse of time, default, or otherwise, the Lessee shall <br />have a. neriod of ninetv (90) davs following such termination during which it